August 28, 2017 / 11:28 AM / 3 months ago

CANADA STOCKS-Oil prices weigh on TSX futures

Aug 28 (Reuters) - Canada’s main stock index futures were trading modestly lower on Monday, tracking losses in U.S. oil prices as markets tried to gauge Tropical Storm Harvey’s impact on oil production and refinery demand.

September futures on the S&P TSX index were down 0.08 percent at 7:15 a.m. ET.

Canada’s main stock index inched lower on Friday, caught between a plunge in Tahoe Resources Inc and jumps in shares of retailer Hudson Bay Co and construction company Aecon Group.

Dow Jones Industrial Average e-mini futures were down 0.09 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.02 percent and Nasdaq 100 e-mini futures were down 0.04 percent.

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TOP STORIES

U.S. President Donald Trump renewed his threat to scrap NAFTA and ripped on trading partners Canada and Mexico in a tweet early on Sunday, days before the three countries were scheduled to hold a second round of negotiations on rewriting the 23-year-old agreement.

The new chief executive of German department store chain Kaufhof, owned by Canada’s Hudson’s Bay Co, denied reports that the group was in a dispute with a lender consortium, in an interview by German weekly Welt am Sonntag.

ANALYST RESEARCH HIGHLIGHTS

Northern Dynasty Minerals Ltd: BMO starts with “market perform” rating, C$2.5 target price

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1293.5; +0.08 percent

US crude: $47.46; -0.86 percent

Brent crude: $52.64; rose 0.44 percent

LME 3-month copper: $6704; +0.24 percent

U.S. ECONOMIC DATA DUE ON MONDAY

0830 Advance goods trade balance for July: Prior -$64.01 bln

0830 Advance wholesale inventory for July: Prior 0.7 pct

0830 Advance retail inventory ex auto for July: Prior 0.5 pct

1030 Dallas Fed Manufacturing Business Index for Aug: Prior 16.80

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

$1= C$1.25 Reporting by Nikhil Kumar in Bengaluru; Editing by Maju Samuel

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